Onewo, Inc. Boosts Assets with Equity Acquisition

Onewo, Inc. Class H (HK:2602) has released an update.

Onewo, Inc. has entered into an Equity Transfer Agreement to acquire a 50% stake in Wuhan Xintang, a move aimed at offsetting receivables with China Vanke. The transaction is expected to have a positive impact on the company’s asset portfolio without affecting its cash flow and liquidity. As a connected transaction under Hong Kong’s Listing Rules, it is subject to certain reporting requirements.

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